BHS is back! British Home Stores returns to UK after pensions scandal that rocked Britain

BHS, which was at the heart of a pensions scandal in 2016, is back.

British Home Stores, which went into liquidation just before Christmas in 2016, has launched online in the UK.

A representative for the store told Express.co.uk: “We are online only in the UK, but still have our franchise stores overseas. 

“At present we have no plans to re-launch onto the high street.”

The news came as the brand advertised ‘on-trend’ marble lighting.

To celebrate the return of the store the company is offering 10 per cent off the lighting, using the code ‘THELIGHTSAREON’ from Thursday 29 June to Tuesday 13 July.

The company has courted controversy in recent years after it was sold by Sir Philip Green to Dominic Chappell for £1 before it collapsed. 

When the chain collapsed 11,000 jobs were impacted. Philip Green took £400million from BHS – but left pensioners in doubt of their own futures. 

When the boss took the hefty sum of money, he left the company’s pensions scheme £571million in the red.

The Pension Regulator has published its report on the sale of the firm after concerns about the future of the pension scheme.

They found Green sold British Home Stores to avoid liability for the pension scheme should the firm go bust.

The deficit in the pension scheme affected 22,000 holders.

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Daily Express :: Life and Style Feed

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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